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1321 Redwood LaneNorristown, PA 19401Price: $4,919,400

  • Price: $4,919,400
  • Est. Mortgage of $/month
  • 1 Day on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 7.32% last updated on Oct 22, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $4,919,400List Price
  • 12,000Square Feet
PACKAGE DEAL ONLY! WILL NOT BE SOLD INDIVIDUALLY. Exceptional investment portfolio deal featuring 19 total properties/units across Norristown, PA (19401). Generating a total gross monthly income of $40,095.00 ($481,140.00 annually) with total annual property taxes of $49,439.00, offered at a strong 10% Cap Rate with an asking price of $4,919,400.00. Included Properties & RentBreakdown: 1321 Redwood Ln: 4 Bed / 2 Bath ($2,280/mo) 107 Stanbridge St: 4 Bed / 1 Bath ($2,200/mo) 145 W Elm St: 4 Bed / 1 Bath ($1,900/mo) 151 W Elm St: 4 Bed / 1 Bath ($2,135/mo) 153 W Elm St: 4 Bed / 1 Bath ($2,000/mo) 157 W Elm St (Triplex): Apt A ($2,050/mo) | Apt B ($1,650/mo) | Apt C ($1,698/mo) Elm St Basement Laundry: Coin-Operated Basement Laundry ($326/mo) 712 Astor St: 3 Bed / 1 Bath ($1,850/mo) 220 W Spruce St: 3 Bed / 1.5 Bath ($1,780/mo) 828 Smith St: 3 Bed / 1 Bath ($2,020/mo) 721 W Oak St: 3 Bed / 2 Bath ($1,788/mo) 234 W Spruce St: 3 Bed / 1 Bath ($1,425/mo) 770 Kohn St: 4 Bed / 1 Bath ($2,000/mo) 313 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 305 Buttonwood St: 2 Bed / 1 Bath ($1,780/mo) 309 Buttonwood St: 2 Bed / 1 Bath ($1,500/mo) 717 W Oak St: 3 Bed / 1 Bath ($2,329/mo) 840 Haws Ave: 3 Bed / 1 Bath ($2,329/mo) 1032 Cherry St: 4 Bed / 1 Bath ($1,975/mo) 214 Pearl St: 4 Bed / 1.5 Bath ($2,200/mo) Package Combination Note: This 19401 Norristown package deal can also be purchased in combination with our 14-property portfolio package in Pottstown, PA (19464) or as a total mega-portfolio package.
Listed by Gregory Martire of Springer Realty Group

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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More Info

Location Information

  • UsmAreaNorristown - Norristown Boro

School Information

  • Elementary SchoolMarshall Street
  • High SchoolNorristown Area
  • High School DistrictNorristown Area
  • Junior HighEisenhower

Parking

  • Parking TypesOther

Basic Information

  • Date Listed10/23/2026

Building

  • Construction MaterialsBrick
  • Laundry TypeHas Laundry
  • Property StyleOther
  • Square Feet12,000
  • Structure Design TypeOther
  • Three Bedroom Units7
  • Two Bedroom Units6
  • Year Built1960

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Electric200+ Amp Service
  • Heat SystemCentral
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Basic Information

  • Broker NameSpringer Realty Group
  • List Price$4,919,400
  • LocationTypeOther
  • MLS Area MajorNorristown Boro
  • MLS NumberPAMC2198450
  • MLS Property TypeResidential Income
  • Price Per Square Foot410
  • StatusACT
  • Units1

Location

  • Address1321 Redwood Lane
  • Building Number1321
  • CountyMontgomery
  • DirectionsNorristown, Pennsylvania,19401
  • IncorporatedcitynameNorristown Boro
  • Living Area SourceEstimated
  • StatePA
  • TownNorristown
  • Zip19401

Interior

  • FlooringWood, Vinyl
  • Walls Ceilings9'+ Ceilings

Amenities

  • PoolNo Pool

Tax Information

  • Assessment Year2026
  • City Town Tax$1,124
  • City Town Tax Payment FrequencyAnnually
  • County Tax$323
  • County Tax Payment FrequencyAnnually
  • School Tax$2,377
  • Tax Assessment Amount$59,160
  • Tax Lot55
  • Tax Year2026
  • Taxes$49,439
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.04
  • Lot Size SourceAssessor
  • Lot Size Square Feet1,600
  • New Construction YNN
  • Property ConditionGood
  • Property SubTypeOther
  • ZoningR

Exterior

  • RoofShingle

Property Information

  • Area Total12,000
  • Area Total SourceEstimated

Other

  • Cap Rate10
  • Gross Income491940
  • Gross Scheduled Income491940
  • Operating Expense49439
  • Other UnitsUnit 1, Unit 2

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 24, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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